Whiskey: For Drinking or Hoarding? Jun 20, 2014
This article originally appeared at Casey Research. A comedian quipped a few years ago, “You might be a redneck if your 401(k) is invested in NASCAR decanters.” When cheap money creates bubbles, suddenly the absurd become investment strategies. Whiskey, for instance, isn’t just for drinking anymore. There’s a bull market in hoarding this precious liquid. Whiskey Bull Beyond the deluge of new high-end brands and colors added to Johnny Walker’s rainbow, Charles Passy wrote in the Wall Street Journal, “Spirits and collectibles experts say we’re in something of a bull market for whiskey.” Scottish company Whisky Highland says, “Prices...
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